United States of America: Public lawsuit against Consumer Financial Protection Bureau's supervision rule for digital payment providers (TechNet and NetChoice v CFPB)
Progress
Current status
under deliberation
16 Jan 2025 under deliberation
Scope
Implementers
United States of America
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
judiciary
Government Body
court
Implementation Level
national
Timeline of events
Filed public lawsuit against Consumer Financial Protection Bureau’s supervision rule for digital payment providers (TechNet and NetChoice v CFPB)
On 16 January 2025, TechNet and NetChoice initiated legal proceedings in the District Court for the District of Columbia against the Consumer Financial Protection Bureau (CFPB), contesting the legality of the latter's regulation that renders "larger…
Event type
public lawsuit
Action type
announcement
Government branch
judiciary
Government body
court